Joe Evans
Buy home + spend all savings OR rent apartment + keep savings?
I'm currently renting and recognize that my money is better spent going towards an asset. I have a modest amount of money saved up that, if paired with an FHA loan, could land me a home here in Austin, TX!My dilemma: ...
Erik Kubec
Strict definition of 50% rule?
Really thought I would have an easier time finding a consistent definition of this by googling.
Can someone lay out for me what of the following goes into the expense part of the 50% ratio?:
[/u]Hard, real costs (eg...
Erin Wicomb
Should I participate in a real estate syndication investment?
I’ve noticed a few posts floating around about real estate syndication with some misconceptions. I’ve been in real estate acquisition and development for a decade and I thought I would shed some light on what syndicat...
Ema Silva
Pay over the appraised value?
Should I pay an extra 30k above the appraised value? It is multifamily. After said expenses, fixed and variable, it would net 2k a month. The CoC is 34% and the cap is 7.6%. I just dont feel good about paying an extra...
Bauclair Mbouadeu
First investment, two major repairs needed
Hi all,
This is my first time writing on this forum, and I'm also a first-time investor. I'm looking to purchase a 3-unit property in Massachusetts. The purchase price is $626k, with one unit delivered vacant, unit t...
Jack Tucker
Determining market value of vacation rental? $6200 income in Nov
The question has come up in this string about what the market price may be on this property? I'm familiar with commercial and residential comp valuation for SFRs and MFs, but are vacation rentals a different animal? I...
Trevor Hawn
Florida Home owners Insurance is so high!!
I would love to get people's thoughts and guidance on home owners insurance on Florida. I'm trying to buy a vacation rental/STR in the Florida Emerald Coast area. I've received insurance quotes from a broker on two di...
John Curseaden
70% Rule
When, if ever, do you depart from the 70% rule in making your max offer on a property?
Dave Gaines
BP Buy & Hold Calculator for Short-Term/Vacation Rental
Hey All,I’m new to BP and short-term/vacation rental (specifically Orlando, FL area) is what peaked my interest into real estate and I have been immersed in gathering information. I have been trying to run numbers and...
Aileen Ouyang
Keep or Sell?
I have a condo currently cashflowing about $250 a month ($2250 rent - $2000 PITI + HOA). I have about $100k equity in it. It is currently on a 15 year schedule and I have 12 years until paying it off. The interest rat...